What’s My Health Insurance Deductible?

Your health insurance deductible is the amount you pay for covered healthcare services before your insurance plan begins to pay. After you meet your deductible, you typically pay a copay (flat fee per visit) or coinsurance (a percentage of your service) for covered services and your insurance company pays the rest. Once you reach your out-of-pocket maximum, your insurance company will pay for all covered health services for the rest of the year. Family plans often have both an individual deductible, which applies to each person, and a family deductible, which applies to all family members.